Notice to Shareholders

In light of various articles that have been released in the press, including today, Brasil Telecom Participações S.A. and Brasil Telecom S.A. (jointly, the “Companies”) clarify that:

(1) The Companies are not involved in any transactions related to the sale of shares in their shareholding structure by their controlling shareholders companies.
(2) The Companies have not entered into any agreement, be it final or preliminary, on the merger, purchase or sale with Oi/Telemar or with any other company or investment vehicle.

The Companies also announce that, due to the news regarding a possible transaction involving the acquisition of their control by Oi/Telemar, they remain informed by keeping in touch with Brasil Telecom’s controlling group (Solpart Participações S.A., Techold Participações S.A., Invitel S.A. and Zain Participações S.A., “Controlling Companies”). The controlling companies have repeatedly published clarification and they once again confirm as follows:

“The Controlling Companies reiterate that they have evaluated various strategic options for their shareholdings in the Companies.

The Controlling Companies would like to emphasize that, notwithstanding rumors to the contrary, and despite discussions in relation to this subject, they have not taken any decision regarding the corporate restructuring of the Companies, nor have they entered into any merger, acquisition or sale agreement, not even of a preliminary nature, with Oi/Telemar or with any other company or investment vehicle.

Furthermore, the Controlling Companies, once again clarify that, pursuant to the applicable legislation and regulations, shall promptly disclose any future material act or fact that has a bearing on this matter.”

Brasília, January 29, 2008.

Paulo Narcélio Simões Amaral
Investor Relations Officer
Brasil Telecom Participações S.A.
Brasil Telecom S.A.

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.